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Stationary Battery Storage Market to hit $35bn by
2030: Global Market Insights Inc.
An outlook on Stationary Battery Storage Market growth is presented in this latest
research report that reviews industry growth drivers, trends, regional factors &
companies as well as provides forecasts for next few years.
Stationary Battery Storage Market size will exceed USD 35 billion by 2030, as
reported in the latest study by Global Market Insights, Inc.
Favorable regulatory frameworks toward development of sustainable electrical
infrastructure subject to integration of effective grid support will drive the stationary
battery storage market size. Lack of efficient monitoring systems coupled with
frequent outages and failures across developing regions will further fuel the product
China stationary battery storage market is projected to exceed USD 2 billion by
2030. National renewable targets favored by government aided funds toward the
expansion of renewable networks will augment the industry outlook. In 2017, the
China National Energy Administration has declared a funding worth USD 326.38
billion towards the expansion of renewable electrical networks across the country by
Rising investments across sustainable energy through private and public funding
programs coupled with ongoing expansion of micro-grid networks will foster the
stationary battery storage market size. Growing demand for sustainable energy mix
favored by advancing distributed generation technologies will further augment the
industry growth. In 2017, International Finance Corporation declared a funding worth
USD 103 million subject to incorporation of solar green bonds in India. The agency
further affirmed a gross investment of USD 1.2 billion towards deployment of
renewable technology in the country.
Flow battery in 2016, accounted for over 4% of global stationary battery storage
market. Ongoing technological advancements toward development of cost-effective
storage units coupled with high-end investments toward integration of a sustainable
grid network will enhance the product demand. Longer life cycle favored by higher
system efficiencies when compared to its competitive counterparts will further foster
the business outlook.
Improved shelf life coupled with increasing R&D spending towards development of
energy efficient systems will augment the stationary battery storage market share.
Ongoing reforms pertaining to energy efficiency favored by growing deployment of
enhanced storage units with high power densities will positively influence the product
demand. Weight, comparative efficiency, discharge rates, cycle life, voltage and
costs are few imperative features evaluated to integrate a competitive business
scenario. In 2017, MDPI denoted comparative gravimetric energy density for lithiumion batteries to be in the range of 110–160 Wh/kg in comparison to lead acid, NiCd
and NiMH falling in the range of 30–50, 60–120 and 45–80, respectively in Wh/kg.
Germany Stationary Battery Storage Market Size, By Battery, 2016 (USD Billion)
Browse key industry insights spread across 195 pages with 195 market data tables &
13 figures & charts from the report, “Stationary Battery Storage Market Size By
Battery (Lithium-ion, Sodium Sulphur (NAS), Lead acid, Flow Battery, Others),
By Application (Communication Base Stations, Emergency Power, Local
Energy Storage, Remote Relay Stations, Uninterruptible Power Supplies
(UPS)), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany,
France, Italy, UK, Spain, Russia, China, Japan, South Korea, India, Australia,
Saudi Arabia, UAE, South Africa, Argentina, Brazil, Mexico), Growth Potential,
Competitive Market Share & Forecast, 2017 – 2030” in detail along with the table
Stationary battery storage market will grow on account of increasing demand for
refurbishment of aging infrastructure coupled with increasing adoption of advance
grid support systems across the U.S. Rising investment towards development of
sustainable electrical network along with increasing concern towards energy security
will further complement the business scenario. In 2017, China under its sovereign
wealth fund proposed an investment worth USD 800 billion across the U.S.
Eminent players across the stationary battery storage market include Toshiba,
Samsung SDI, Philips, Panasonic, GS Yuasa, A123, Hitachi Chemical, LG Chem,
Valence Technology, Hitachi Maxell, BYD Co., Duracell, Exide, Johnson Controls,
Roofers Technology, Uniper, Durapower, ACDelco, and Tesla.
Segmentation of Stationary Battery Storage Market:
Stationary battery storage market research report includes in-depth coverage of the
industry with estimates & forecast in terms of USD Billion from 2013 to 2030, for the
Stationary Battery Storage Market, By Battery
Stationary Battery Storage Market, By Application
Communication Base Station
Local Energy Storage
Remote Relay Station
Uninterruptible Power Supplies (UPS)
The above information is provided on a country basis for the following:
o South Korea
Middle East and Africa
o South Africa
o Saudi Arabia
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
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